" Welcome to the plastic packaging industry "
" Welcome to the plastic packaging industry" mainly reflects the positive development of industry, technological innovation and environmental initiatives, as follows:
• Market Growth: According to market research firm QYResearch, the global plastic packaging market will reach approximately US$920 billion in 2023 and is expected to grow to US$1.3 trillion by 2030, with a compound annual growth rate of approximately 5%. China's plastic packaging market is also growing, increasing from 399.892 billion yuan to 563.306 billion yuan between 2018 and 2022, with a CAGR of 8.94%.
Significant Sustainable Development Achievements: The proportion of recycled plastic continues to increase. For example, Coca-Cola has expanded its 100% rPET bottles to Hong Kong, China and India, and Apta Beauty has launched a plastic perfume pump made from up to 67% post-consumer recycled resin. Bio-based packaging materials are diversifying in their sources. Yili Jindian has launched its first integrated plant-based lid, and Dior Perfumes & Beauty plans to use plant-based PEF polymer as raw material for its primary packaging.
• Continuous innovation in functional packaging: In the area of pre-prepared food packaging, Bisheng Packaging has developed microwave self-degassing bags. These bags, with their four-layer packaging and nitrogen freshness blocking technology, block the fresh taste of beef and can be heated directly in a microwave.
• Industry technology upgrades: China’s packaging industry is undergoing a double transformation towards green and smart manufacturing. The production capacity of bio-based plastics and recycled fiber materials continues to expand, and its market share is expected to exceed 70% by 2028. At the same time, the penetration rate of smart packaging is increasing. The deep integration of IoT, RFID tags and blockchain technologies is enabling packaging to be tracked, anti-counterfeit and traceable. The smart packaging market is expected to exceed 80 billion yuan by 2027, with a penetration rate of more than 50%.
